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  • CBRE names first VP of retail leasing

    Phoenix -- CBRE has announced that LeDonna Spongberg, a retail leasing professional, has joined the company’s Phoenix office as a first VP.

  • Ace Hardware opens Ace Center for Excellence

    Oak Brook, Ill. - Ace Hardware has launched the Ace Center for Excellence, a new division designed to share the retailer’s strategies and key principles of customer service.

    The center’s goal is to help companies improve upon their customer experience based on Ace’s approach through customized solutions, such as keynotes and workshops.

  • Another retailer matches Walmart wages

    Pennsylvania-based food retailers Giant and Martin’s Food Stores said they will begin paying all non-union workers a minimum of $9 a hour beginning in June.

    The operator of 200 stores in Pennsylvania, Maryland, Virginia and West Virginia said the move was part of the company’s commitment to provide competitive wages.

    "Our associates are the foundation of our success, and we have always believed in paying competitive wages to attract the best talent," said Tom Lenkevich, Giant/Martin’s president.

  • Joly to chair Best Buy board

    Minneapolis – Best Buy president and CEO Hubert Joly now has something in common with Frank Sinatra — you can call him “Chairman of the Board.” Joly will succeed current chairman Hatim Tyabji, who is retiring from the board effective June 9, 2015, as board chairman.

    Russell P. Fradin, president and CEO of SunGard and a Best Buy Board member since April 2013, will serve as lead independent director. Tyajbi, CEO of mobile data/video company Bytemobile Inc., has served on the Best Buy board since 2008 and as chairman since 2012.

  • Pep Boys trying to get back on track

    Despite lower gas prices and an increase in the average age of U.S. cars on the road, Pep Boys posted a wider loss in the fourth quarter.

    The auto parts chain had a loss of $26.7 million, or 50 cents a share, vs. a loss of $3.33 million, or 6 cents a share, a year earlier. The latest results included a net charge of $12.4 million for write-downs and severance expenses.

  • Stirling Properties expands asset management team

    Covington, La. -- Stirling Properties has added two people to its growing Asset Management division. Charles Barclay joined Stirling Properties as Assistant Asset Manager on a variety of retail and office properties in the Greater New Orleans area.

    Barclay’s office is in the company’s corporate headquarters in Covington. Before moving to New Orleans, he worked for CW Capital Asset Management in Bethesda, Maryland.

  • Dick’s Sporting Goods to open 135 to 150 stores in next three years

    Pittsburgh – As part of a wide-ranging fiscal update, Dick’s Sporting Goods Inc. is updating its fiscal 2017 sales target to $8.7 billion to $9 billion. The retailer also expects to open 135-150 namesake stores during the next three years, up from the 603 stores it operated at the end of 2014, focusing on new and underserved markets.  

  • EBay names three new executives, including Home Depot veteran

    San Jose, Calif. - EBay Inc. has appointed three new executives who will fill key positions on CEO-designee Devin Wenig’s leadership team. The company makes these appointments as it prepares for the separation of eBay and PayPal into independent, publicly traded companies in the second half of 2015.

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